Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 1-Year High – Here’s Why

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $16.80 and last traded at $16.77, with a volume of 592076 shares traded. The stock had previously closed at $16.13.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Ping An Insurance Co. of China has a consensus rating of “Strong Buy”.

Ping An Insurance Co. of China Price Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.49 and a current ratio of 0.48. The company has a market capitalization of $152.69 billion, a P/E ratio of 7.87 and a beta of 0.26. The firm’s fifty day moving average is $14.65 and its 200 day moving average is $13.90.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%.The business had revenue of $49.63 billion during the quarter. As a group, analysts predict that Ping An Insurance Co. of China Ltd. will post 2.12 earnings per share for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.